SOLUTION: The Shaws invest $3,600 in an account paying 8%, compounded quarterly. Find the amount in the account after 1 year.

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Question 581065: The Shaws invest $3,600 in an account paying 8%, compounded quarterly. Find the amount in the account after 1 year.
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
A=3600(1.02)^4
A=$3896.76